Finance

Heidelberg posts 57m first half operating loss
Heidelberg has said it is "confident" it will meet its "clearly positive" EBIT target for 2012/13, despite recording an operating loss, excluding special items, of 57m in the first six months.

UPM accuses Metsa of breaching shareholding agreement
UPM is taking legal action against fellow paper manufacturer Metsaliitto Cooporative and its subsidiary Metsa Board, in relation to the jointly-owned Metsa Fibre.

Trinity Mirror reveals positive outlook in the face of hacking allegations
The publisher's interim results reveal a 12% drop in advertising revenue to 94m in the 17 weeks to 28 October 2012 but it said that its end of year operating profits would be in line with the 104.5m...

Alderson creditors owed over 5m following collapse
Unsecured creditors of the five operating companies of Alderson Print Group (APG) were owed a combined 5.1m at the time of their administration, according to the creditors report.

NGOs urge Asia Pulp and Paper boycott
An open letter signed by 60 non-government organisations (NGOs) has been sent to investors in Asia Pulp and Paper (APP) urging them not to back the controversial Indonesian company.

Funding for Lending could boost business loans by 66bn
A Bank of England scheme to boost bank lending to businesses and households could provide up to 66bn in funding based on current uptake.

Mark Andy owner AIP completes Presstek acquisition
American Industrial Partners (AIP), the private equity owner of narrow and mid-web flexo press maker Mark Andy, has completed its $26m (16.2m) purchase of direct imaging press builder Presstek.

UK SMEs rocked as ING Lease drops asset finance
The last major mid-market funder to the print industry, ING Lease, has announced its decision to pull out of UK asset finance from 30 November.

Costs scupper the Christmas cracker
The soaring level of investment needed to operate in the short-term seasonal markets means that the sector is now only open to the very biggest of players

Government announces 7m for 3D print research
The Government is to offer grants from a 7m pot for collaborative R&D projects aimed at developing technologies for additive manufacturing.